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Definition | : | National Electronic Fund Transfer |
Category | : | Business » Banking |
Country/ Region |
: | India
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Popularity | : |
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Type | : |
Initialism
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National Electronic Fund Transfer (NEFT) is a nationwide payment system that facilitates the electronic transfer of funds from one bank account to another within India. NEFT is not a real-time fund transfer system, it settles fund transfers in batches.
The full form of NEFT is National Electronic Fund Transfer
National Electronic Fund Transfer